Investigating the relationship between smoothing profit and value for shareholders with an emphasis on the uncertainty of economic policy

The purpose of the current research is to examine the relationship between smoothing profit and value for shareholders, emphasizing the uncertainty of economic policy. This research is an applied research in terms of its nature and survey method and in terms of its purpose, and since in the present research the current state of the variables has been analyzed through the use of information collection, through past information, it is among the studies of The post-event type is included. In the course of conducting this research, five hypotheses were formulated and 122 companies were selected through systematic elimination sampling for the 8-year period between 1394 and 1401, and the data related to the research variables were collected in Excel using the software. Stata statistics were analyzed. The results of the hypothesis test show that: there is a significant direct relationship between profit smoothing and shareholder value. Also, among the criteria of economic policy uncertainty, three criteria of inflation rate, interest rate and economic growth have an effect on the relationship between profit smoothing and value for shareholders (inflation rate and economic growth have a direct effect and interest rate has an inverse effect). But the exchange rate criterion does not affect the relationship between profit smoothing and value for shareholders.